Journalize each of the following transactions assuming a perpetual inventory system. (If no entry is required for a transaction/event,

select "No journal entry required" in the first account field.)

Feb. 1 Purchased $17,300 of merchandise inventory; terms 1/10, n/30.

5 Purchased for cash $8,500 of merchandise inventory,

6 Purchased $22,300 of merchandise inventory; terms 2/15, n/45.

9

Purchased $2,050 of office supplies;

terms n/15.

10 Contacted a major supplier to place an order for $230,000 of merchandise in exchange for a 30% trade discount to

be shipped on April 1 FOB destination.

11 Paid for the merchandise purchased on February

1.

24 Paid for the office supplies purchased on February 9.

Mar.23 Paid for the February 6 purchase.